M&A Deal Summary

J.F. Lehman & Company Acquires Hawaii Superferry

On October 28, 2005, private equity firm J.F. Lehman & Company acquired transportation company Hawaii Superferry for 235M USD

Acquisition Highlights
  • This is J.F. Lehman & Company’s 1st transaction in the Transportation sector.
  • This is J.F. Lehman & Company’s 5th largest (disclosed) transaction.
  • This is J.F. Lehman & Company’s 9th transaction in the United States.
  • This is J.F. Lehman & Company’s 1st transaction in Hawaii.
Investment Fate
  • Hawaii Superferry went bankrupt in 2009.

M&A Deal Summary

Date 2005-10-28
Target Hawaii Superferry
Sector Transportation
Buyer(s) J.F. Lehman & Company
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 235M USD

Target

Hawaii Superferry

Honolulu, Hawaii, United States
Hawaii Superferry, Inc. is a provider of high-speed interisland ferry service among the Hawaiian Islands.

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Buyer(S) 1

Buyer

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


DEAL STATS #
Overall 10 of 47
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 19
State (Hawaii) 1 of 1
Country (United States) 9 of 42
Year (2005) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-13 Racal Acoustics

London, United Kingdom

Racal Acoustics Ltd., is a provider in the design and manufacture of communications headsets, handsets and audio ancillaries for military applications serving over 100 armed forces branches in 80 countries.

Sell $93M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Atlantic Marine Holding

Jacksonville, Florida, United States

Atlantic Marine is a provider of maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services for commercial and government vessels. Services are provided at strategically located facilities in Mobile, AL and Jacksonville, FL and a third facility at Naval Station Mayport near Jacksonville.

Buy -